Double Duty: Payments Cards as a Doorway to Greater Financial Health
Electronic payments are growing by leaps and bounds,overtaking paper as preferred payment mechanisms.
Nexxo Provides Next-Generation Bank-in-a-Box
Nexxo Financial Corporation joined forces with Centris Federal Credit Union and Carver Federal Savings Bank to supply transaction kiosks to provide consumers more convenient access to the financial services they need.
2011 Underbanked Market Sizing Study
Banks and credit unions can and should be doing much more to support consumer credit building – and, importantly, they can do so in ways that align their own success with the success of their customers.
New Underbanked Market Data from Core Innovation Capital and the Financial Health Network
The products and services that cater to the needs of financially underserved consumers are big business.
Results from the Financial Health Network’s Inaugural Industry Scan
In 2010, the Financial Health Network launched its largest effort yet to catalog all existing financial products and services aimed at the underbanked population: the Underbanked Industry Scan.
How Should We Serve the Short-Term Credit Needs of Low-Income Consumers?
Almost one-third of the 30 million U.S. households who are unbanked or underbanked borrow to pay for small-dollar, short-term needs.
One Size Does Not Fit All: A Comparison of Monthly Financial Services Spending
The Financial Health Network has conducted an investigation into the amounts that prepaid cardholders spend each month to conduct essential financial transactions, and compared that to the amounts that they would spend if they remained underbanked or used checking accounts for the majority of their transactions instead.
InBrief on the Underbanked Consumer Study: Characteristics of Latino Un- and Underbanked Consumers
This the Financial Health Network inBrief analyses the financial attitudes and behaviors of the 20.6 million Latino underbanked consumers in the U.S.
Preferences and Usage of Financial Services Providers inBrief
This the Financial Health Network inBrief provides some insights on underbanked consumers’ preferences and usage regarding financial service providers. The information is drawn from the 2008 the Financial Health Network Underbanked Consumer Stud.
The Financial Health Network Underbanked Consumer Study Fact Sheet
This resource identifies market size data and preferences among eight unique segments of the underbanked market, including "The Strivers," "Middle of the Road," and "Almost There."
Distributing Prepaid Cards Through Worker Centers: A Gateway to Asset Building for Low-Income Households
This research paper explores the mismatch between the consumer needs of low-wage immigrant unbanked and underbanked populations and existing financial products and vendor strategies.
Accessing the American Dream: Affinity Marketing Partnership Strategies for Financial Institutions and Nonprofits
Discover likely affinities among underbanked consumers and explore how financial products could be marketed to these consumers through community-based nonprofits and nonprofits offering advocacy and social services.